Clough Capital Partners L P Trims Stock Holdings in Brookdale Senior Living Inc. $BKD

Key Points

• Clough Capital Partners reduced its Brookdale Senior Living stake by 41.7% in the first quarter, selling 222,040 shares and retaining 310,260 shares valued at approximately $4.24 million.
• Institutional investor activity was mixed, with WCM Investment Management initiating a position worth about $171.7 million while BNP Paribas and Virginia Retirement Systems increased their holdings.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $17.60, compared with BKD’s recent price of $15.13; the company’s latest quarterly results missed both earnings and revenue estimates.

Clough Capital Partners L P lowered its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 41.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,260 shares of the company's stock after selling 222,040 shares during the period. Clough Capital Partners L P owned 0.13% of Brookdale Senior Living worth $4,244,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BKD. SG Americas Securities LLC purchased a new stake in shares of Brookdale Senior Living during the fourth quarter worth about $7,911,000. State of New Jersey Common Pension Fund D purchased a new stake in Brookdale Senior Living in the 4th quarter worth approximately $2,202,000. WCM Investment Management LLC purchased a new stake in Brookdale Senior Living in the 1st quarter worth approximately $171,681,000. BNP Paribas Financial Markets raised its holdings in Brookdale Senior Living by 15.6% in the 4th quarter. BNP Paribas Financial Markets now owns 1,831,442 shares of the company's stock valued at $19,761,000 after acquiring an additional 247,461 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Brookdale Senior Living by 1,876.9% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 249,785 shares of the company's stock worth $2,695,000 after purchasing an additional 237,150 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Compass Point assumed coverage on Brookdale Senior Living in a research report on Monday, June 15th. They issued a "buy" rating and a $22.00 price objective for the company. Zacks Research downgraded shares of Brookdale Senior Living from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 21st. Stephens assumed coverage on shares of Brookdale Senior Living in a report on Thursday, April 9th. They set an "overweight" rating and a $18.00 price objective on the stock. Finally, Weiss Ratings cut shares of Brookdale Senior Living from a "sell (d)" rating to a "sell (d-)" rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.60.

Brookdale Senior Living Trading Down 0.1%

BKD stock opened at $15.13 on Monday. The company has a market cap of $3.61 billion, a PE ratio of -17.60 and a beta of 0.58. The stock has a 50-day moving average price of $14.04 and a two-hundred day moving average price of $13.99. Brookdale Senior Living Inc. has a 12-month low of $6.99 and a 12-month high of $17.09.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The firm had revenue of $764.86 million during the quarter, compared to analysts' expectations of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. Equities analysts forecast that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal year.

About Brookdale Senior Living

Brookdale Senior Living Inc NYSE: BKD is one of the nation's largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.

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